Xiaomi Inc News

China`s most valuable start-up Xiaomi Inc is aiming to use smartphone processor chips designed in-house in some of its lower-priced handsets in the second half of this year, a source with direct knowledge of the matter told Reuters.

Smartphone maker Xiaomi Inc said on Friday it had shipped more than 70 million handsets in 2015, undershooting its own target and casting doubts about the growth prospects of China`s most valuable tech startup in a cut-throat market.

China's leading handset-maker Xioami on Tuesday launched the all new Mi 4c with Snapdragon 808 in Beijing.

Xiaomi Inc, China`s leading smartphone maker, announced on Tuesday two prepaid wireless plans to mark its debut as a mobile virtual network operator (MVNO) competing against China`s national carriers.

The call of the world`s biggest smartphone market is proving irresistible for entrepreneurs in China, where even purveyors of concrete mixers, refrigerators and rock music are mimicking local trailblazer Xiaomi Inc with their own handsets.

Xiaomi Inc on Thursday said it sold 34.7 million smartphones in the first six months of 2015, casting doubt on the ability of China`s most valuable tech startup to achieve its full-year target.

Chinese smartphone maker Xiaomi Inc waded into China`s red hot online finance arena on Monday with a new money market fund to compete against the likes of tech rivals Alibaba Group Holding and Tencent Holdings.

Samsung Electronics Co Ltd on Wednesday tipped further earnings improvement in the second quarter after confirming its highest profit in three quarters in January-March, but voiced some caution about the second-half outlook.

Richard Ji, whose little-known fund was the biggest investor in leading Chinese smartphone maker Xiaomi Inc`s $1.1 billion fundraising last month, is a numbers man looking to spot `category killers` - start-ups with the power to disrupt.

Mark Zuckerberg and Xiaomi Inc CEO Lei Jun discussed a potential investment by Facebook in China`s top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialised, several people with knowledge of the matter told Reuters.

China`s Huawei Technologies Co Ltd has taken sales of its low-price Honor brand of smartphones to 20 million from 1 million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc.

Chinese smartphone manufacturer Xiaomi continued to dominate the country's smart phone market as two of the company's models topped the sales charts in the third quarter.

China`s Xiaomi Inc has become the world`s third-largest smartphone vendor just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study.

Some Xiaomi phones automatically send user data to the firm`s servers in Beijing, where the company is headquartered.

Xiaomi edged out Korean giant LG to claim the fifth spot.

Xiaomi Inc has become the world`s No.5 smartphone maker by market share.